Special Needs Planning

Planning for a person with special needs involves planning so that the special needs individual does not become ineligible for essential government benefits. A Special Needs Trust is a Trust designed to receive and manage assets for a person with a disability, while maintaining eligibility for governmental benefits. The Trustee will have full control and discretion over distributions.

A key benefit of a Special Needs Trust is that family and friends can make gifts to the Trust. Proper funding, implementation and periodic reviews of the Special Needs Trust are critical because it may have to last a lifetime and often cannot be replaced. At Hallock & Hallock, we are prepared to work with you and your team of advisors to establish a plan that will be designed to provide for the special needs beneficiary without rendering him or her ineligible for essential government assistance and that will enhance their quality of life.